Category: Guaranteed Loans

100% guaranteed approval for payday loan is boon for people who live from paycheck to paycheck. We all confront financial crunch, at one or the other point in day-to-day life. Something urgent comes up that cannot wait for your paycheck. Worst still, you realize that some important bills are still to be paid, after you have spent all your money that month. To whom would you turn to in such a case? Banks? Banks take exceptionally long time to approve the loan. The answer to this problem is instant payday loans.

No Fax Instant Payday Loans – An Overview

You have to fill up an online form to apply for no fax instant payday loan. The application process is simple and they will mainly ask you about your basic personal information, employment details and your bank details. These finance companies have a foolproof system, which enables them to approve your application within minutes, through Internet. You are not required to fax any documents to get these loans. After approval, the funds are transferred to your checking account the next day or the same day itself. These companies do not verify your credit rating for approval; therefore, even people with bad credit can get 100% guaranteed approval on payday loan.

However, there are some basic qualifications to be eligible for faxless payday loan. You need to be a citizen of 18 years and above, working fulltime for more than three months with minimum monthly salary of $1000 and staying in the same house for more than three months. If you fulfill these requirements, there are no chances that your loan application will be rejected. This is why they are called 100% approval payday loan.

Normally, payday loans are short-term loans for a period of about two weeks. You have to specify repayment date in the application form. Accordingly, the lender debits the amount from your account on the said date. In case of need, you can also discuss postponement of due date with your lender and get an extension for another month by paying minimum charges.

Benefits of Cash Advance

Payday loan provides high approval no qualification cash advances. You do not require any documents like bank statements or paycheck proof. You do not need any guarantees or asset evaluation. You can get these loans approved from the comfort of your home or office. This system completely works online from sending out the form, lenders’ verifying your details, transfer of money in your bank and automatic withdrawal at the time of repayment. The approval generally takes about 1 hour. You can apply for it any time of the day, any day of the week.

Normally, graduate students pay for tuition fee more than undergraduate. Therefore, the main purpose of graduate loans is to help fund their education. There are two venues in which graduate students can obtain graduate loans: the government and private entities, (who provide alternative graduate loans). Each of these is discussed in more detail below.

1. Government Graduate Loans

This type of loan is the same as undergraduate loan. The only difference is name. Like undergraduates, graduates have the opportunity to get a Stafford or Perkins loan from the government.

Stafford graduate loans are available to any graduate student regardless of their financial situation. Two types of Stafford graduate loans exist: subsidized and unsubsidized. The difference in the two lies in who pays the interest. For subsidized Stafford graduate loans, the government pays the interest. Students pay for the interest in unsubsidized Stafford graduate loans, though there is the option of not having to make payments until after graduation.

A Perkins graduate loan is available to students who demonstrate financial hardship. It has an interest rate of only 5 percent and can finance up to $4,000 of the graduate student’s education. For graduate students who are adversely limited economically, the Perkins loan is not a bad option. However, one must keep in mind that payments are still expected to be received promptly and perpetually. In extreme circumstances it is possible to request a deferment on loan payments until one is able to pay normally.

To apply for either the Perkins or Stafford graduate loans, one must submit a FAFSA form to the government. When the form has been processed the government will send a SAR (Student Aide Report) which will give further instructions on how to apply for these loans.

2. Alternate Graduate Loans

This loan has also been known as private graduate loans, are loans funded by non-governmental entities. Companies offering these loans could be banks, credit card agencies or any other enterprise interested in helping graduate students secure student loans. The Education Resources Institute (TERI) is an example of a company offering this type of loan. It is called the Act Graduate Student loan program. The application can be filled out online at http://gradloans.com. Decisions are received in as little as 15 minutes.

You can first try to visit websites of all the major banks because many do offer student loans services. Or you can use a search engine by typing the name of banks you know. Some banks will even offer graduate loan comparison charts to help their customers see how their loans stack up against the competitors. These charts can serve as a further aide in researching graduate loans.